Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA January 2, 2024 The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an...
AM Best Downgrades Ratings of JRG Re; James River Group Gets Negative Outlook January 2, 2024 AM Best has downgraded the financial strength rating of JRG Reinsurance (JRG Re) to B++ (Good) from A- (Excellent) and...
Tokyo Airport Collision Leaves 5 Dead, Japan Airlines’ Aircraft in Flames January 2, 2024 By Daniel Leussink and Yoshifumi Takemoto All 379 people aboard a Japan Airlines (JAL) plane escaped the burning airliner after a collision with a Coast Guard...
Climate Change Makes Forecasting Harder, Australia’s Agriculture Minister Says January 2, 2024 By Swati Pandey Climate change is making it harder to accurately predict extreme weather events, said Australia’s agriculture minister Murray Watt, amid criticism...
How Brexit Hobbled Britain’s Race to Space January 2, 2024 By Thomas Seal Britain’s push to become a “space superpower” is being undermined by political disarray and weak domestic investment, while showing how...
Update: Major Japan Quake Topples Buildings, Killing Nearly 50 People January 2, 2024 By Erica Yokoyama and Jon Herskovitz The death toll from a powerful earthquake that toppled buildings in the Noto Peninsula on Japan’s northwest coast rose to...
Reinsurance Buyers Find ‘Smoother’ January Renewals With Ample Capacity: Carpenter December 29, 2023 Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals – a reflection...
Extreme Weather in Germany Costs Insurers US$5.4 Billion in 2023: GDV December 29, 2023 Extreme weather in Germany again caused high insurance claims this year, with an estimated price tag of €4.9 billion (US$5.4...
Hapag-Lloyd, Japanese Shipping Firms Continue to Re-route From Suez Canal December 29, 2023 Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container...
Storm Gerrit Batters Northern UK, Damaging Houses, Knocking Out Power December 29, 2023 A storm that battered the UK with high winds and heavy snow damaged houses, canceled trains and left thousands of...